Small-cap stock, June 2 -- Man Industries India Ltd's shares will be in focus of stock market investors on Tuesday, 3 June 2025, after the Board of Directors on Monday approved a rights issue of preferential shares and warrants, according to an exchange filing.

The BSE filing data shows that the company aims to raise Rs.300 crore from the rights issue of the preferential shares and the warrants. The company will be issuing 12,19,512 or over 12.19 lakh share warrants to Man Finance Pvt. Ltd. at the price of Rs.328, amounting to Rs.39.99 crore.

The warrants will be convertible to equity shares in one or more tranches within 18 months from the date of allotment.

Man Industries India will also issue 79,26,822 or over 79.26 lakh fully paid-...